Chinatrust strikes deal to buy 30% of Nan Shan Life Insurance

Taiwan's Chinatrust Financial Holdings will buy 30% of Nan Shan Life Insurance from the Primus-led consortium for $660 million.

Taipei-based financial services group Chinatrust Financial Holding Company has signed a memorandum of understanding with Hong Kong-based China Strategic Holdings to acquire a 30% stake in Taiwanese insurer Nan Shan Life Insurance for $660 million.